FranNet Verified Brand
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|Liquid Capital Required:||$150,000|
|Net Worth Required:||$350,000|
|Total Investment:||$386,000 - $699,000|
|Financing:||Via 3rd party|
|Incorporated Name:||Spenga Holdings LLC|
|Home Office:||Omaha, Nebraska|
Unlike any studio of its kind, SPENGA combines three essential elements of fitness to create what is simply known as the best workout ever. Our unique concept delivers a combination of spin, strength, and yoga in every 60-minute session, and is designed to help improve endurance, strength, and flexibility. Backed by the expertise of industry-leading fitness professionals, SPENGA incorporates the most efficient, effective, and up-to-date exercise concepts. The goal? To help members achieve their fittest selves without having to go to three different places to find it. SPENGA is an unrivaled fitness experience.
Values & History
We were founded in 2015 on the belief that strong bodies and minds are created through the power of ride, rep, revive. And when your fitness routine works, life just works too. That's why each SPENGA session boosts endurance, strengthens muscles, and restores bodies through a combination of spin, HIIT training, and yoga. With space dedicated specifically to each element of the workout, invigorating aromatherapy, and energizing DJ-inspired beats, our members' performance and results are maximized.
But that's not all we're about. SPENGA is a community of like-minded individuals all looking to make the most out of their lives and their workouts. Every time our members step into our studio, we guarantee we'll be there cheering them on every ride, rep, and revive of the way. Because when our members are their happiest, healthiest selves—everyone wins.
There is no shortage of places to work out, but there is nowhere like SPENGA. Created to fill a void in the fitness market, SPENGA is the only studio of its kind. Currently, we have ten locations in the U.S. with an astounding 256 sold and under development!
But why are we so sure of ourselves? Because the boutique fitness industry represents a $47 billion market in the U.S., and gym memberships—especially at boutique-style gyms--are on the rise. Americans are embracing the desire to get fit and healthy and they want to do it in places that are clean, inviting, and tailored to their needs. SPENGA ticks all of these boxes and one more: we offer three types of training—endurance, strength, and flexibility—under one roof. Most boutique concepts offer just one of these, forcing customers to go between locations to get a full workout or to choose between them. Because of SPENGA's innovative model, alongside the booming industry, we are confident that we are here to stay!
Purchasing a SPENGA Franchise
The cost to invest in a SPENGA franchise is comparatively low in the fitness industry. The total initial investment ranges from $386,000 to $699,000, including our $49,500 franchise fee. Potential candidates must have a minimum net worth of $350,000 and at least $150,000 in liquid capital.
Ideal Candidate & Qualifications
The ideal SPENGA franchisee not only possesses the capital needed to get started, but also the mindset and work ethic to succeed. Franchisees with prior experience in the fitness industry will find that SPENGA is a great first franchise, as well as an excellent way to round out a complete business portfolio. But fitness background is not a requirement. Our most successful franchisees have a business or sales background, excellent management and customer service skills, a drive to succeed, and a passion for health and fitness and helping others meet their personal fitness goals.
Training & Support
SPENGA offers comprehensive support for franchisees, including an extensive initial training program lasting at least 89 hours and comprised of both classroom and on-the-job training. As a franchise owner, you'll also have access to impactful marketing and advertising materials to build awareness of your club and increase membership, an ongoing, state of the art training program for both you and your potential instructors, and much more.